Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Weak multi-year price returns
2Y Excs Rtn is -84%, 3Y Excs Rtn is -124%
High stock price volatility
Vol 12M is 138%
1  Key risks
ZGM key risks include [1] its total operational concentration and regulatory exposure in Macau/China, Show more.
0 Weak multi-year price returns
2Y Excs Rtn is -84%, 3Y Excs Rtn is -124%
1 High stock price volatility
Vol 12M is 138%
2 Key risks
ZGM key risks include [1] its total operational concentration and regulatory exposure in Macau/China, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Zenta (ZGM) stock has lost about 45% since 11/30/2025 because of the following key factors:

1. Overvaluation and Inconsistent Earnings Growth: Zenta Group traded with a high price-to-earnings (P/E) ratio of 25.4x as of February 1, 2026, exceeding the average market P/E ratio of approximately 19x in the United States. Despite a 25% growth in earnings per share (EPS) in the prior year, the company's total EPS barely increased over the preceding three years, indicating inconsistent growth. This limited medium-term growth momentum was weaker than the market's predicted 16% growth, suggesting the stock was potentially overvalued and due for a correction.

2. Negative Analyst Sentiment and Forecasts: As of March 27, 2026, the consensus among Wall Street analysts rates Zenta Group (ZGM) as a "Sell." This negative sentiment is further supported by a predicted downside of 100% based on analysts' 12-month stock forecasts, signaling a strong lack of confidence in the company's future performance.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
ZGM-44.0% 
Market (SPY)-5.3%3.4%
Sector (XLI)3.9%-11.0%

Fundamental Drivers

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Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
ZGM  
Market (SPY)0.6%7.0%
Sector (XLI)5.5%-9.2%

Fundamental Drivers

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Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
ZGM  
Market (SPY)9.8%7.0%
Sector (XLI)18.4%-9.2%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
ZGM  
Market (SPY)69.4%7.0%
Sector (XLI)65.1%-9.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ZGM Return-----41%-30%-59%
Peers Return67%-31%70%19%-3%-38%40%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
ZGM Win Rate----0%0% 
Peers Win Rate44%26%47%47%37%20% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
ZGM Max Drawdown-----45%-36% 
Peers Max Drawdown-14%-47%-10%-22%-39%-42% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FICO, VRSK, UPST, PGY, ACCL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

ZGM has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

Unique KeyEventXLIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-22.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven29.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven273 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven74.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven232 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven32.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven312 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-63.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven172.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,463 days1,480 days

Compare to FICO, VRSK, UPST, PGY, ACCL

In The Past

SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Zenta (ZGM)

We are a professional services provider in Macau that engages in the provision of industrial park consultation services, business investment consultation services to clients through LIC, and sales of fintech products and services through LFT, our key operating subsidiaries in Macau. For the years ended September 30, 2023 and 2024, industrial park consultation services, business investment consultation services and fintech services were the main sources of revenue for the Group. For the year ended September 30, 2023, we finished 8 projects in industrial park consultation services and 4 projects in business investment consultation services, but the revenue from fintech business was nil. The property markets in Mainland China and Macau were under pressure: investments in the developments of office buildings and commercial business premises in 2024 dropped 9.0% and 13.9% YoY in mainland China, respectively, according to the China National Bureau of Statistics in 2024, while, the average prices per square meter for office spaces and industrial units in 2024 decreased by 21.7% and 16.9% in Macau, respectively, according to the Statistics and Census Service of Macau. The developers and investors became cautious about launching new industrial park projects in this current market situation, which caused material impact to the demand of our industrial park consultation services. As a result, for the year ended September 30, 2024, we finished 4 projects in business investment consultation services but no industrial park consultation projects. However, our fintech business grew strongly and accounted for 70.5% of our revenue for the year ended September 30, 2024. In the future, we plan to continue strengthening our industrial park and business investment consultation services, while at the same time increasing our focus and resources for our fintech products and services. ZGCL is a holding company registered and incorporated in the Cayman Islands, and we may rely on dividends and other distributions on equity paid by our subsidiaries in Macau for our cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to our shareholders and to service any debt we may incur. During the years ended September 30, 2023 and 2022, there were no cash transferred between ZGCL and its subsidiaries. During the year ended September 30, 2024, ZGCL transferred HKD 150,000 to ZGM through bank account transfer for the purpose of intra group cash management. Since there are currently no limitations on the ability of ZGCL to transfer cash to or from ZGM or to investors under Macau Law, ZGCL has not established cash management policies that dictate how funds are transferred. Industrial Park Consultation Services Building on our experiences in consulting for clients from the Guangdong–Hong Kong–Macau Greater Bay Area (the “Greater Bay Area”) of China, we assist our customers in the preparation and submission of applications relating to industrial park projects to PRC government units, and negotiate with relevant government units or supervising organizations on the client’s behalf through our subsidiary LIC. Our industrial park consultation services include: (i) project development consultation service, (ii) agency service of sales and leasing, (iii) property management and financial advisory service, (iv) advisory on operation improvement service, (v) advisory on selection of suppliers/builders process service, and (vi) feasibility study report service (for compliance with investment acquisition reference). We currently focus on the pre-development stage of the industrial park consultation services.In the near future, we also intend to begin operations on post-development stage services through our subsidiary, LMS, subject to timing of industrial park projects in our project chain. Business Investment Consultation Services Our business investment consultation services are divided into mergers and acquisitions consultation services and administrative services. For our investment brokerage consultation services, we mainly assist our clients in acquiring a stake in specific investments which is normally in the form of equity ownership. We primarily target high net worth individuals, corporations, and professional investment institutions in Macau, Hong Kong, Southeast Asia, and other regions. These clients generally have a positive outlook on the economic development prospects of the Greater China region, especially in mainland China, and are seeking investment opportunities in equity and project investments in mainland China, Hong Kong, and Macau. Through LIC, we assist clients to acquire stakes in investment opportunities, typically in the form of equity ownership. We engage third-party seasoned professionals to advise us on transaction structure, and to provide legal and compliance support to navigate regulatory landscapes in cases of need, to enable us to perform our registration services in a prudent manner. As of the date of this prospectus, we have received all requisite permissions or approvals from the Macau authorities to operate our businesses in Macau, and we are not required to obtain any permissions or approvals from any Chinese authorities. We don’t engage in consultation on securities trading and as such we are not required to apply for financial service licenses, and do not provide services such as research report or financial advisory services. We currently provide administrative services to Ione Group, a shareholder of the Company. Our administrative services include handling and managing corporate documents, maintaining and updating corporate changes and registrations, providing registered offices, and filing income tax returns. We provide a set of integrated administrative services (stand-ready obligations) over a fixed period, with the customer having no explicit limit on the use of services within this period. According to our agreement with Ione Group, the customer is required to pay a monthly fee for administrative services. In practice, the Company issues invoices to customer on a quarterly basis for these services, consolidating three months of fees into one invoice and payment is due from the date of billing. The customer pays before the end of the quarters. Fintech Products and Services We believe that fintech products, with potential integration with AI, will offer us a large and promising development opportunity in terms of demand and market potential. By integrating consulting services with fintech services, we can differentiate ourselves from competitors and establish a higher brand value in the industry. We have devoted resources into developing our fintech business since the second half of 2023, and signed a fintech services contract with our first customer in January 2024. From January 2024 to August 5, 2024, our fintech business consists of acting as an intermediary distributor of products offered by our supplier, Guo Yan Innovation Technology (Macau) Co. Ltd. (“Guo Yan”). We did not pay any fees to our supplier, and received commission based on successful engagements with clients. We typically entered into distribution agreements with our supplier, Guo Yan, and then engaged the client directly. We then issued invoices to the client, and received a portion of the end payment from the client as commission, while the remaining portion was provided to the supplier for their fees. On August 5, 2024, we acquired ownership of a set of fintech platform products consisting of 2 fintech platforms and 6 AI models (the “Acquired Fintech Products”) from our supplier, Guo Yan, that analyses customer credit risk and customer consumption behaviors. Currently, our fintech business include selling the Acquired Fintech Products, and we intend to continue acting as an intermediary distributor for other fintech products offered by our supplier, Guo Yan, as well as other future potential suppliers. As part of our upcoming strategy, we plan to further develop proprietary fintech solutions and platforms aiming at banking and financial industries, potentially integrated with AI, through our subsidiary LFT and based on our existing resource network. In the future, we plan to acquire fintech solution companies and/or further expand our fintech services business by recruiting technical staff with relevant experience in fintech development. We believe that fintech services business will eventually become one of the largest business segments for our Company in the future. Our principal executive office is located in Macau.

AI Analysis | Feedback

Here are 1-3 brief analogies for Zenta (ZGM):

  • Zenta is a Macau-based consulting firm rapidly transforming into an **AI-powered fintech solutions provider**, similar to a specialized, regional **Accenture** shifting its focus heavily into financial technology.
  • Zenta is a financial technology company developing AI-powered platforms for credit risk and consumption analysis, much like a niche, regional **Fiserv** or **Temenos** for specific financial solutions.

AI Analysis | Feedback

  • Industrial Park Consultation Services: Assists clients with pre-development aspects of industrial park projects in the Greater Bay Area, including application preparation, negotiation, and various advisory services.
  • Business Investment Consultation Services: Provides M&A consultation for acquiring equity stakes in Greater China investments and integrated administrative services to a shareholder.
  • Fintech Products and Services: Involves acting as an intermediary distributor for third-party fintech products and selling acquired proprietary fintech platforms and AI models for credit risk and consumption behavior analysis.

AI Analysis | Feedback

Zenta (ZGM) primarily sells its services to other companies and institutions.

Its only explicitly named customer in the provided text is Ione Group, which receives administrative services. The text does not specify if Ione Group is a public company or its stock symbol.

For its other major revenue streams, specific customer names are not provided, but the customers generally fall into the following categories:

  • For Fintech Products and Services (accounting for 70.5% of 2024 revenue), customers are generally from the banking and financial industries.
  • For Industrial Park Consultation Services, customers are typically developers and investors involved in industrial park projects in the Guangdong–Hong Kong–Macau Greater Bay Area.
  • For Business Investment Consultation Services (specifically Mergers and Acquisitions), customers include corporations and professional investment institutions, alongside high net worth individuals.

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Guo Yan Innovation Technology (Macau) Co. Ltd.

AI Analysis | Feedback

Wai Ian Ng, Chief Executive Officer

Wai Ian Ng is the Chairman of the Board and Chief Executive Officer of Zenta Group Co Ltd, which he co-founded on March 20, 2023. His leadership in the Macau International Investment Association contributes to enhancing the company's brand visibility and market access.

Fong Hang Ieong, Chief Financial Officer

Fong Hang Ieong serves as the Chief Financial Officer of Zenta Group Co Ltd.

Weng Seng Sou, Chief Operating Officer

Weng Seng Sou is a Director and the Chief Operating Officer of Zenta Group Co Ltd, which he co-founded on March 20, 2023.

AI Analysis | Feedback

  1. Risk of significant decline in demand for industrial park consultation services due to adverse property market conditions in Mainland China and Macau.
  2. Risk associated with high reliance on the rapidly growing fintech business segment, including execution risks related to developing proprietary solutions, acquiring companies, and integrating new technologies and staff.
  3. Risk of dependence on cash flow and distributions from Macau operating subsidiaries for the holding company's cash and financing requirements.

AI Analysis | Feedback

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AI Analysis | Feedback

For the public company Zenta (symbol: ZGM), the addressable markets for its main products or services are as follows:

Industrial Park Consultation Services

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Business Investment Consultation Services (Mergers and Acquisitions Consultation)

The global Mergers and Acquisitions (M&A) advisory market is projected to grow from approximately USD 28.57 billion in 2025 to over USD 34.8 billion by 2033. The Asia-Pacific region, which includes Zenta's operational areas, represented 20.74% of the global M&A advisory market share in 2025, which is approximately USD 5.92 billion. China, a key part of the Greater China region where Zenta operates, is the largest market in the Asia-Pacific region, holding a 7.27% global share in 2025, equating to approximately USD 2.07 billion for M&A advisory services.

Fintech Products and Services

  • China: The fintech market size in China was valued at USD 51.28 billion in 2025 and is estimated to grow to USD 59.39 billion in 2026, reaching USD 123.78 billion by 2031.
  • Hong Kong: The Hong Kong fintech market is expected to grow from USD 6.3 billion in 2025 to USD 25.4 billion by 2033.
  • Southeast Asia: The fintech market in Southeast Asia is projected to reach USD 180 billion by 2030, growing from an estimated USD 38 billion in a recent period (around 2025).

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for Zenta (ZGM)

Over the next 2-3 years, Zenta (ZGM) is expected to drive revenue growth through several key initiatives, primarily focusing on its rapidly expanding fintech segment and strategic developments in its consultation services:

  • Strong Growth and Expansion of Fintech Products and Services: Zenta's fintech business has already demonstrated robust growth, accounting for 70.5% of its revenue for the year ended September 30, 2024. The company plans to continue increasing its focus and resources on fintech products and services. This includes selling its recently acquired fintech platform products (consisting of 2 fintech platforms and 6 AI models), acting as an intermediary distributor for other fintech products from existing and future suppliers, and further developing proprietary fintech solutions and platforms, potentially integrated with AI, for the banking and financial industries. Zenta believes fintech services will become one of its largest business segments in the future.
  • Expansion into Post-Development Industrial Park Consultation Services: While the industrial park consultation services faced challenges in the year ended September 30, 2024, Zenta intends to expand its offerings by beginning operations on post-development stage services through its subsidiary, LMS, in the near future. This represents a diversification and expansion within an existing service line.
  • Strategic Acquisitions in the Fintech Sector: Zenta plans to acquire fintech solution companies as part of its strategy to further expand its fintech services business. This inorganic growth approach, coupled with recruiting technical staff, is expected to enhance its capabilities and market presence in the fintech space.
  • Strengthening of Business Investment Consultation Services: Despite market pressures affecting property markets, Zenta intends to continue strengthening its business investment consultation services. For the year ended September 30, 2024, the company successfully completed 4 projects in this area, indicating a steady, albeit potentially slower, growth path for this segment.

AI Analysis | Feedback

Outbound Investments

  • On August 5, 2024, Zenta acquired ownership of a set of fintech platform products, comprising two fintech platforms and six AI models, from Guo Yan Innovation Technology (Macau) Co. Ltd.
  • The company plans to acquire fintech solution companies in the future.

Capital Expenditures

  • Zenta has dedicated resources to developing its fintech business since the second half of 2023.
  • The company plans to further develop proprietary fintech solutions and platforms, potentially integrated with AI, through its subsidiary LFT.

Trade Ideas

Select ideas related to ZGM.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EFX_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
LZ_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE02202026LZLegalZoom.comDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.2%7.2%-5.0%
ADP_2132026_Dip_Buyer_ValueBuy02132026ADPAutomatic Data ProcessingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.1%1.1%-3.0%
TREX_2132026_Dip_Buyer_ValueBuy02132026TREXTrexDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.2%-3.2%-5.9%
PCTY_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026PCTYPaylocityDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-0.6%-0.6%-4.8%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ZGMFICOVRSKUPSTPGYACCLMedian
NameZenta Fair Isa.Verisk A.Upstart Pagaya T.Acco  
Mkt Price1.401,011.06182.7524.7711.171.3417.97
Mkt Cap-24.025.42.40.9-13.2
Rev LTM-2,0633,0731,0241,261-1,662
Op Inc LTM-9901,344-224-990
FCF LTM-7181,192-166225-471
FCF 3Y Avg-628978-3869-349
CFO LTM-7591,436-148239-499
CFO 3Y Avg-6541,211-2488-371

Growth & Margins

ZGMFICOVRSKUPSTPGYACCLMedian
NameZenta Fair Isa.Verisk A.Upstart Pagaya T.Acco  
Rev Chg LTM-16.2%6.6%62.8%25.6%-20.9%
Rev Chg 3Y Avg-13.8%7.2%15.7%22.8%-14.8%
Rev Chg Q-16.4%5.9%30.7%16.5%-16.4%
QoQ Delta Rev Chg LTM-3.6%1.4%6.8%3.7%-3.7%
Op Mgn LTM-48.0%43.7%-17.7%-43.7%
Op Mgn 3Y Avg-44.4%43.2%-4.5%-43.2%
QoQ Delta Op Mgn LTM-1.0%-0.7%-2.5%-1.0%
CFO/Rev LTM-36.8%46.7%-14.4%18.9%-27.9%
CFO/Rev 3Y Avg-36.2%41.9%-2.3%7.0%-21.6%
FCF/Rev LTM-34.8%38.8%-16.2%17.8%-26.3%
FCF/Rev 3Y Avg-34.9%33.8%-4.2%4.9%-19.4%

Valuation

ZGMFICOVRSKUPSTPGYACCLMedian
NameZenta Fair Isa.Verisk A.Upstart Pagaya T.Acco  
Mkt Cap-24.025.42.40.9-13.2
P/S-11.68.32.40.7-5.3
P/EBIT-24.218.9-4.1-18.9
P/E-36.528.045.111.3-32.2
P/CFO-31.617.7-16.43.8-10.8
Total Yield-2.7%4.6%2.2%8.9%-3.7%
Dividend Yield-0.0%1.0%0.0%0.0%-0.0%
FCF Yield 3Y Avg-1.6%2.9%-1.4%4.2%-2.2%
D/E-0.10.20.80.9-0.5
Net D/E-0.10.10.5-0.4-0.1

Returns

ZGMFICOVRSKUPSTPGYACCLMedian
NameZenta Fair Isa.Verisk A.Upstart Pagaya T.Acco  
1M Rtn-26.3%-28.3%-11.7%-9.0%-0.2%-1.5%-10.4%
3M Rtn-39.5%-42.3%-16.9%-47.8%-48.9%-53.8%-45.1%
6M Rtn-62.8%-33.4%-25.7%-56.8%-67.8%-89.3%-59.8%
12M Rtn-62.1%-44.9%-37.5%-47.6%4.8%-89.3%-46.3%
3Y Rtn-62.1%45.2%-2.4%74.6%-8.7%-89.3%-5.6%
1M Excs Rtn-13.5%-19.4%-1.8%-8.7%-2.2%0.9%-5.4%
3M Excs Rtn-28.8%-33.5%-8.2%-40.5%-42.8%-45.0%-37.0%
6M Excs Rtn-59.7%-31.1%-21.2%-52.9%-64.3%-85.7%-56.3%
12M Excs Rtn-73.6%-57.9%-48.4%-64.6%-16.7%-100.8%-61.3%
3Y Excs Rtn-123.8%-12.8%-59.9%13.8%-69.6%-151.1%-64.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024
Providing administrative services, investment brokerage services, project research services, fintech10
Total10


Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 2282026-22.0%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest4.8 days

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202501/20/202620-F
03/31/202509/09/2025424B4
03/31/202410/25/2024DRS/A